The Model Of Reverse Mortgage For The Aged In China

At present,the problem of population aging has attracted much attention.China entered the aging society ahead of time in 2000.With the increasing number of elderly people,the problems of the elderly are becoming more and more prominent.The living environment and living standards of the elderly Received high attention from the society.Due to the low income of the elderly after retirement,most elderly people have lower living standards.Although the government has increased the amount of pension for 12 consecutive years,the problem of low pension levels cannot be completely solved.A large number of elderly people and huge pension funding gaps have put considerable pressure on public finances.Therefore,there is an urgent need for innovation in the pension model.Housing reverse mortgage business should be born from time to time.Housing reverse mortgage is a kind of financial innovation product.This new type of loan,referred to as “household pension” and “reverse mortgage”,refers to the use of houses for the elderly with certain age.Property rights are borrowed from financial institutions as collateral,while the elderly still have the right to live in the home.This old-age model can be used as a supplement to pension insurance to protect and improve the living standards of the elderly after retirement,while also alleviating social security and Economic pressure is of great significance to China's response to the challenges of aging.Affected by the traditional concept of old-age care for the elderly,the implementation of China's housing reverse mortgage pension insurance requires an excessive procedure.But there is no doubt that the emergence of this product has brought good news to the elderly on the premise of China's aging population.With the rise of the proportion of the elderly population in China and the improvement of the cost of living,as well as the gradual popularization of the concept of modern life,the market-based pension model will gradually replace the traditional family pension model,and the housing reverse mortgage pension will undoubtedly become An effective market pension model.The housing reverse mortgage pension insurance has been developed abroad,but since China started relatively late in this respect,the effect of the pilot practice in 2014 to 2018 is not obvious.In 2018,the Banking Regulatory Commission decided to expand the scope of the pilot.To the national level.Although the pilot scope of housing reverse mortgage pension insurance is expanding,there arestill many problems and challenges to be solved in the development of this business.This paper,by reading a large number of domestic and foreign housing reverse mortgage pension models related literature,based on data analysis,comparative analysis and theoretical research methods,combined with the theory of housing reverse mortgage,for some regions,insurance institutions and banks Based on the analysis of the status quo of the housing reverse mortgage loan,from the market supply,demand,market environment and macro policy of China's housing reverse mortgage,the problems and challenges in the development of housing reverse mortgage in China are analyzed.From the perspective of individual,market,society and government,this paper analyzes the key factors affecting the decision of the supply chain and the demand side of the housing reverse mortgage model,summarizes the international experience of the housing reverse mortgage model and puts forward some suggestions according to the problem,thus making Housing Reverse Mortgage This old-age model can benefit more elderly people.